Categories

U.S. Economy

Tools

  • Economy & Politics
  • Investing
  • Personal Finance
  • Related Posts


    Chicago Fed Contracts For 4th Month In A Row As Initial Jobless Claims Hover Near 40 Year Lows
    The Fed’s Computer Model Of The U.S. Economy ‘Sees Little Slack’ (And A Big Clue From Gartman)
    Fed Officials See June Rate Hike As Unlikely
    Los Angeles Becomes Latest U.S. City To Approve A $15 Minimum Wage
    When Central Bankers Whisper Secrets
    Where Have All The Shoppers Gone?
    Half Of College Graduates Expect To Be Supported By Their Families
    In Defense Of Nafta
    The New Economics Of Having It All
    The Deadliest Jobs In America
    Private Equity Firms Are Finally Dumping The Deals They Did Before The Financial Crisis
    California’s Future Is In Australia
    Don’t Blame Immigrants For Your Flat Paycheck
    Empire Manufacturing Misses For 4th Month In A Row As Spending Outlook Plunges To 15-Month Lows
    Is The Dam Bursting?


    Did China Just Crush The U.S. Housing Market?

    A few days ago we finally closed the door on any argument who the marginal buyer in the US luxury housing segment was — the answer: Chinese oligarchs, scrambling to launder their “hot” domestic money abroad (as we predicted first two years ago) and now that Switzerland is no longer a safe offshore venue where one can park cash, they picked US luxury housing as the best money laundering alternative.

    This means that far from indicating a recovery, as the recent surge in the high end of the US housing segment had long been touted, all the relentless move higher in ultraluxury properties prices was simply a recycling of China’s hot money, which unlike in the US, never made its way into the Chinese stock market (explaining why the Shanghai Composite has barely budged in years) and merely ended up in US real estate. If anything, this is simply another confirmation of the epic capital misallocation, and the complete lack of “trickle down” resulting from failed global central banking policies.

    So now that the “who” has been answered, just one question remained: “how?”

    Click to read the full story

    Discuss this Story:

    Comment Policy: We encourage open discussion. Comments including racist statements, profanity, name calling or spam will be removed at our discretion. We use filters for spam protection. If your comment does not appear it is likely because it violates the policy.

    2016 Might Look Safe To Democrats. But 2024?
    A Backdoor Way To End The Fed
    Israel Fears Obama Will Stop Hiding Its Nuclear ‘Secret’
    Republicans Chase Imaginary Rockefellers
    “Go Now!”: China Threatens US Spy Planes In South China Sea
    Is Switzerland The Ultimate Safe Haven For Liberty And Wealth?
    Indonesia Just Sank “A Large Chinese Vessel” And 40 Other Fishing Boats In The South China Sea
    The Illusion Of Democracy
    Is Martial Law Justified If ISIS Attacks?
    Campaign Politics Made The US Vice Presidency A Very Weird Job
    Iraq Enlisted 100,000 Militiamen To Fight ISIL And Now It Can Barely Control Them
    India Is Building The World’s Biggest Temple—even Bigger Than Angkor Wat
    Hacked Sony Emails Reveal Behind-the-Scenes Political Dealings In L.A.
    The Massive Generational Divide On America’s Role In The World
    The World’s Biggest Economies Had A Bad May (except Japan)
    When Will Our Justice Department Jail The Criminal Bankers?
    Japan Unveils $110 Billion Plan To Fund Asia Infrastructure, Eye On AIIB
    Weak Euro Zone, Asia Pin Hopes On U.S. Economy For Global Bounce
    The World Economy Doesn’t Really Need China Right Now
    16 Questions For Hillary
    The UK’s New Minister For Internet Security Says Government Should Innovate, Not Regulate
    This Wind Turbine Generates Power Without Blades
    Money As A Weapons System
    U.S. Taxpayer On The Hook As Ukraine Prepares Moratorium On Debt Repayments, Increases Military Spending
    Republicans, Democrats and Independents ALL Hate NSA Spying … Think the Patriot Act Should NOT Be Reauthorized
    Obama Just Called This “Rotting, Decaying Hellhole” A Symbol Of “Promise For The Nation”
    Chris Christie Calls Snowden Supporters “Civil Liberties Extremists” In His Latest Desperate Neocon Diatribe
    79 Members Of Congress Have Been In Office For At Least 20 Years
    The End Of Meaningful Work: A World Of Machines And Social Alienation
    North Korea Turning To Human Trafficking For Foreign Currency
    Read more from Economy & Politics...

    Liberty Investor Digest

    Get today's most important
    financial headlines all in
    one place by email!



    Sources


    close[X]

    Sign Up For Liberty Investor Digest™!

    Get Liberty Investor Digest FREE By Email!

    Input your name and email address in the fields below and get today's most important financial headlines sent straight to you inbox!

    Privacy PolicyYou can opt-out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.